Retail and consumer goods industry news

20 August 2021
Come and join us in person at this year’s lunch! Show on 23 September - we’ll be sharing our latest forecasts and insight on the Food-to-Go market and we’ll also take you through the changing landscape of the coffee shop market. The Road to Recovery for Food-to-Go 12.45-1.15pm, Keynote Theatre 3, 23 September Food-to-go market is recovering faster than expected Our latest forecasts pred...
20 August 2021
In the latest twist in the battle for Morrisons, the retailer has recommended that its shareholders accept an improved offer from Clayton, Dubilier and Rice, the private equity giant that made the initial bid for it. Made yesterday and just ahead of a deadline set by the Takeover Panel, CD&R's new offer values the retailer at £7.0bn, significantly more than the £6.7bn value of the offer Mor...
19 August 2021
As Target delivered further growth in Q2, on a record performance in 2020, we look at the prospects for the business in the second half of the year. Second quarter key numbers Total revenue increased 9.5% to $25.2bn Operating income increased 7.2% to $2.5bn Comparable sales up 8.9%, building on growth of 24.3% last year Store comparable sales increased 8.7% Digital comparable sales ...
19 August 2021
Walmart’s investment in Flipkart has positioned it towards more of a digital and ecommerce business, according to the CEO and Director of Walmart, Doug McMillon.  It is now preparing for Flipkart’s Big Billion Days sale, which is expected to be launched during the Diwali festival in November.   Flipkart has also added more fulfillment centres in India to cope with the rising demand. Flipkart’...
18 August 2021
The UK government’s Plastic Tax will target manufacturers who use less than 30% recycled plastic in their plastic packaging from April 2022. The tax is anticipated to impact 20,000 manufacturers and importers of plastic packaging. About the Plastic Tax The Plastic Tax will be a new tax that applies to plastic packaging manufactured in, or imported into the UK, that does not contain at least...
18 August 2021
Coles has released its FY21 results with sales up 3.1% to AU$38,562m and EBIT up 6.3% to AU$1,873m. In a year described by the Group's Chairman as 'marked by extrodinary community and business challenges', Coles delivered sales and EBIT growth across all business sectors.  A year of two halves and bumps in the road The phasing of Coles' financial year (July-June) has meant that COVID-19 saw...
18 August 2021
We went to see newly opened Russian discounter Mere in Preston to see what the first UK store had to offer. More about Mere Mere is part of Svetofor, owned by Russian retail group Torgservis. There are approximately 3,200 Mere stores around the world , with the majority in Russia and Central Asia and under 100 in Europe. The retailer’s first UK store opened on 14 August in Preston on a ...
17 August 2021
With another strong quarterly performance, Walmart has lifted its outlook for the full year, including anticipating global ecommerce sales of $75bn this year. Walmart's key numbers Walmart's total revenue in Q2 increased by 2.4% to $141.0bn, representing an additional $3.3bn in sales Sales in its US stores increased by 5.3%, with Sam’s Club up 13.9% (+7.7% ex-fuel) US ecommerce sal...
17 August 2021
El Corte Inglés has launched its Toys that Care for the Planet shop-in-shop in 70 stores, as Lidl Spain opens its largest urban store in Madrid. Separately, Sánchez Romero has expanded the reach of its online channel nationwide, while Consum reveals its achievement of reducing sugar, salt, and saturated fats in its private label range and, finally, Gadisa announced its sales grew 9.9% compared in...
17 August 2021
Gopuff, a quick commerce pureplay in the US, has announced it has acquired Dija, marking its entrance into France and Spain, and further presence in the UK. International growth strategy Gopuff launched in 2013 and provides on-demand delivery of household products, medication, food and drink, operating nearly 450 sites across North America and Europe. This includes nearly 300 micro-fulfilme...